Shares of technology companies rallied, testing all-time highs as an artificial-intelligence speculative boom regained momentum.
Nvidia shares rose 2.5%, paring their losses for the week to 2.6%. Contract tech manufacturer Foxconn Technology Group reported higher March revenue, thanks to strong demand for cloud and consumer-electronics products.
The earnings report for one of Apple's largest supplies quelled concerns about dwindling demand for the iPhone in China. Shares of Apple ticked up.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
04-05-24 1744ET
